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Flutter (FLUT) Rated Outperform on Betting Market Expansion
Yahoo Finance· 2026-03-26 07:27
Flutter Entertainment plc (NYSE:FLUT) ranks among the best rebound stocks to buy right now. On March 13, Citizens maintained its Market Outperform rating and $195 price target for Flutter Entertainment plc (NYSE:FLUT). According to the firm, the company is looking to expand its prediction market platform, with an emphasis on high-quality products. The company’s marketing spend could exceed $300 million by 2026 and will gradually accelerate in the latter half of the second quarter, meaning that the compan ...
Canaccord Maintains Buy Rating on Flutter Entertainment (FLUT)
Yahoo Finance· 2026-03-08 16:23
Group 1 - Flutter Entertainment plc (NYSE:FLUT) is considered one of the best buy-the-dip stocks by Wall Street analysts, with a significant upside potential [1] - Canaccord Genuity analyst Jason Tilchen reduced the price target for Flutter from $270 to $220 while maintaining a Buy rating, indicating an upside potential of over 95% [1][2] - Rothschild & Co Redburn also lowered its price target from $252 to $237, still reflecting an impressive upside potential of over 110%, while maintaining a Buy rating [3] Group 2 - The downward adjustments in price targets were attributed to disappointing fourth-quarter revenue and profitability misses in both U.S. and International segments, along with lower FanDuel engagement [2][3] - Analysts noted that the 2026 FIFA World Cup is expected to support online betting growth despite moderate revenue growth projections for 2026 [3] - Flutter Entertainment operates a diverse iGaming portfolio, including various betting brands such as BetFair, Paddy Power, Sky Betting, Sports Bet, and FanDuel [4]
Jim Cramer on DraftKings: “It’s Gotta Have These Other States”
Yahoo Finance· 2026-01-22 14:59
Company Overview - DraftKings Inc. (NASDAQ:DKNG) is a digital sports entertainment and gaming company that offers online sports betting, daily fantasy sports, and iGaming products such as blackjack, roulette, and slots [2] Market Sentiment - The stock has recently experienced a decline due to unusual losses, but there is optimism that these losses will end, with statistics suggesting a potential recovery [2] - Jim Cramer highlighted the importance of DraftKings expanding into states like Texas, California, and Florida for future growth, indicating that without this expansion, the stock may stagnate [1] Industry Context - The industry is currently undergoing consolidation, which may benefit well-run companies like DraftKings [2] - There is a competitive landscape where certain AI stocks are perceived to offer greater upside potential and less downside risk compared to DraftKings [3]
High Roller Reports Q1 2025 Results
Globenewswire· 2025-05-15 20:10
Core Viewpoint - High Roller Technologies reported a 4% year-over-year revenue increase in Q1 2025, while also acknowledging a widened operating loss as part of a strategic shift towards high-potential regulated markets [5][6][12]. Financial Performance - Q1 2025 revenue reached $6,770,886, up from $6,507,000 in Q1 2024, marking a 4% increase [5][14]. - The net loss for Q1 2025 was $3,276,000, compared to a net loss of $1,849,000 in Q1 2024, resulting in a net loss per share of $(0.39) versus $(0.26) [6][12][14]. - Active users increased by 34% year-over-year, reaching nearly 30,000 [6]. Strategic Initiatives - The company is executing a strategic plan focused on regulated markets, which includes winding down operations in non-growth markets [2][5]. - High Roller has submitted its initial licensing application to enter Ontario's regulated online gambling market, with plans to launch in H2 2025 [2][5][6]. - A brand refresh and marketing spend reallocation are underway in anticipation of market expansion [6]. Operational Highlights - The company added 761 new games, bringing its total portfolio to over 5,300 games from more than 90 providers [6]. - Leadership was strengthened with the hiring of industry veterans, including Emily Micallef and Seth Young [6]. Market Position - High Roller Technologies operates in the rapidly expanding multi-billion dollar iGaming industry, offering a diverse portfolio of online casino games [8]. - The company aims to capitalize on the momentum in regulated markets, particularly in Canada and Finland [2][3].